Talisman Energy Renews Normal Course Issuer Bid
22 October 2008 - 7:35AM
Marketwired
Talisman Energy Inc. (TSX: TLM) (NYSE: TLM) has made the necessary
filings with the Toronto Stock Exchange ("TSX") to renew its Normal
Course Issuer Bid.
Pursuant to the Normal Course Issuer Bid, Talisman may purchase
for cancellation, during the 12-month period commencing October 23,
2008 and ending October 22, 2009, up to 50,938,512 of its common
shares, representing 5% of the common shares outstanding as at
October 14, 2008. The daily purchase limit is 1,314,320 common
shares, representing 25% of the average daily trading volume for
the six calendar months prior to the approval of the bid by the
TSX. As at October 14, 2008 there were approximately 1,018,770,249
common shares issued and outstanding in total.
The purchases will be made through the facilities of the TSX and
the New York Stock Exchange. The purchase and payment for the
common shares will be made by the Company in accordance with the
policies of the exchange through which the common shares are
purchased. Talisman believes that the repurchase of its shares is
one way of creating shareholder value.
Talisman Energy Inc. is an independent upstream oil and gas
company headquartered in Calgary, Alberta, Canada. Talisman has
operations in Canada and its subsidiaries operate in the UK,
Norway, Southeast Asia, North Africa and the United States.
Talisman's subsidiaries are also active in a number of other
international areas. Talisman is committed to conducting its
business in an ethically, socially and environmentally responsible
manner. The Company is a participant in the United Nations Global
Compact and included in the Dow Jones Sustainability (North
America) Index. Talisman's shares are listed on the Toronto Stock
Exchange in Canada and the New York Stock Exchange in the United
States under the symbol TLM.
Contacts: Talisman Energy Inc. - Media and General Inquiries
David Mann, Vice President, Corporate & Investor Communications
(403) 237-1196 (403) 237-1210 (FAX) Email: tlm@talisman-energy.com
Website: www.talisman-energy.com Talisman Energy Inc. - Shareholder
and Investor Inquiries Christopher J. LeGallais, Vice President,
Investor Relations (403) 237-1957 (403) 237-1210 (FAX) Email:
tlm@talisman-energy.com Website: www.talisman-energy.com
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